All Canadian banks provide currency exchange at the daily market value.<ref name="usd-cad-rate">The exchange rate is an approximation as of March 2023. For an updated rate, visit [https://www.google.com/finance/quote/USD-CAD Google finance website].</ref> In some areas, private exchange bureaus will give better exchange rates and lower fees than banks. So if you have time during your travels to look one up, it might save you some money on the exchange both when you arrive and before you leave, because Canadian dollars may not be worth as much in your home country. Some hotels, souvenir shops and tourist offices exchange money, but their rates won't put a smile on your dial. Many places in Toronto accept US dollars for small transactions – with a rough 1:1 exchange rate – and it is advised to obtain some Canadian dollars if you will use cash. US coins are often mixed in with Canadian coins at stores since they are similar in appearance.
+
All Canadian banks provide currency exchange at the daily market value.<ref name="usd-cad-rate">The exchange rate is an approximation as of May 2023. For an updated rate, visit [https://www.google.com/finance/quote/USD-CAD Google finance website].</ref> In some areas, private exchange bureaus will give better exchange rates and lower fees than banks. So if you have time during your travels to look one up, it might save you some money on the exchange both when you arrive and before you leave, because Canadian dollars may not be worth as much in your home country. Some hotels, souvenir shops and tourist offices exchange money, but their rates won't put a smile on your dial. Many places in Toronto accept US dollars for small transactions – with a rough 1:1 exchange rate – and it is advised to obtain some Canadian dollars if you will use cash. US coins are often mixed in with Canadian coins at stores since they are similar in appearance.
Latest revision as of 23:27, 22 May 2023
Canadian dollar
All Canadian banks provide currency exchange at the daily market value.[1] In some areas, private exchange bureaus will give better exchange rates and lower fees than banks. So if you have time during your travels to look one up, it might save you some money on the exchange both when you arrive and before you leave, because Canadian dollars may not be worth as much in your home country. Some hotels, souvenir shops and tourist offices exchange money, but their rates won't put a smile on your dial. Many places in Toronto accept US dollars for small transactions – with a rough 1:1 exchange rate – and it is advised to obtain some Canadian dollars if you will use cash. US coins are often mixed in with Canadian coins at stores since they are similar in appearance.
↑The exchange rate is an approximation as of May 2023. For an updated rate, visit Google finance website.